eBay: $5,000 iPhone 4, bestiphone4.com for $12 million

If you’ve ever felt like burning $5,000 on an iPhone – like Gawker Media did for that lost iPhone 4 prototype scoop – now you can. Just grab your credit card and head over to eBay where they have an iPhone 4 listed for a whopping five grand.

According to TechCrunch, around four hundred iPhone 4 units have been put on sale on eBay, ranging from $550 for the 16GB model to $800 for the more capacious 32GB version. About fifty sellers think you should pay more than a thousand dollars for an iPhone 4 and at least one has the unit listed at $5,000. Maybe he’s selling the phone lost by an Apple engineer on a barstool at a German beer bar in California?

What, you think $5,000 is way too much for a phone? Think again, it’s barely three times the premium over the combined hardware plus AT&T service cost paid during the course of your two-year contract.

Now that iPhone 4 is in short supply and has been pushed back to July 14, it’ll be at least a month before one lands in your hands through official channels. Besides, $5,000 is peanuts compared to the bestiphone4.com domain that this fellow thinks is worth $12 million.